May 8 (Bloomberg) -- Honeywell International Inc. has won
about $6 billion of orders from undisclosed planemakers to
supply the same engine that powers the Gulfstream G280 and
Challenger 300 business aircraft.

The orders for Honeywell’s HTF7000 engine were announced in
a slide presentation posted on the company’s website today.
Honeywell declined to provide details of the orders or disclose
customers, said Steve Brecken, a Honeywell spokesman. Engine
orders are often accompanied by lucrative service contracts that
lock in long-term revenue.

The business jet market has slumped as the global economy
slows and companies crimp spending. Deliveries of private jets
fell to 649 last year from 678 in 2011, according to the
presentation. Commercial jet deliveries rose to 1,572 last year
from 1,372 in 2011, the Morris Township, New Jersey-based
company said.

The HTF7000 engine orders are part of $19 billion of
longterm contracts that Honeywell’s business aviation group has
garnered over the last three years, according to the
presentation. Honeywell’s commercial jet unit has won another
$28 billion of work during the period, including controllers for
Boeing Co.’s new narrow-body 737 Max and the C919 single-aisle
plane that’s being built by Commercial Aircraft Corp. of China
Ltd.

The HTF7000 engine powers Bombardier Inc.’s Challenger 300,
which seats up to 10 passengers and has a range of 3,065
nautical miles (5,676 kilometers) and General Dynamics Corp.’s
Gulfstream G280, which began delivery in November and has
maximum range of 3,600 nautical miles carrying four passengers.